Green Room

RE: This medical device tax is just not going to end well

posted at 4:13 pm on November 15, 2012 by

As Obamacare continues to do exactly what all of us said it was going to do— forcing layoffs, cutbacks on hours, doctor shortages, and slowed innovation—the favorite trope of the Left is just to call any business person who fights to stay above water while Obama’s drowning them big, greedy meanies.

How will they explain this one?

Now one of the biggest device manufacturers, Stryker Corp., has tied plans to slash 5% of its global workforce – in part by shuttering two New York plants – to the tax. Stryker said it will close its West Seneca, New York plant in September, impacting 11 employees, and its Orchard Park, New York facility in December, eliminating 96 jobs there. The firm said it would provide laid-off employees with severance packages, counseling and job placement services. Stryker acquired the plants in 2010 with its purchase of Gaymar Industries, which specialized in support surface and pressure ulcer management products as well as temperature management.

Stryker said last November that it would eliminate 5% of its global workforce as part of an effort to realize $100 million in annual productivity gains to offset the hit when the excise tax takes effect in 2013.

And, who is part-owner of Stryker?

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor, derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited. According to the most recent disclosure filed with the Securities and Exchange Commission, Stryker owns 3.2 million shares of the company outright, and shares control with his siblings of another 15.3 million shares through a trust. Lobbyists for Stryker Corp. have reported spending $435,000 over the past two years lobbying on multiple issues, including bills that would repeal the medical device tax included in the Affordable Care Act, better known as Obamacare.

Greedy meanie.

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Stryker makes most of my lapraoscopic equipment.

Thier main competitor is Karl Storz – a company based out of Germany.

The cost of a new laproscopic tower, new video hand pieces and the new scope heads cost in the neighborhood of 120,000$

Green_Bay_Packers on November 15, 2012 at 4:23 PM

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor,

I have zero sympathy for him.

derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited.

His father must be turning over in him grave knowing that his son gave $2M to Priorities USA.

BTW, isn’t it kind of creepy how 0bama for America, Media Matters, Priorities USA and all these other left-wing websites use the exact same font, colors and page layout?

And as a final slap in the face to conservatives, they use the image of Ronald Reagan to push their far left agenda.

UltimateBob on November 15, 2012 at 4:29 PM

It would be very well if the medical device tax would end. But the tax will persist, and so it will be lives that are just not going to end well.

86 on November 15, 2012 at 4:33 PM

BTW, isn’t it kind of creepy how 0bama for America, Media Matters, Priorities USA and all these other left-wing websites use the exact same font, colors and page layout?

Sure is.

And as a final slap in the face to conservatives, they use the image of Ronald Reagan to push their far left agenda.

UltimateBob on November 15, 2012 at 4:29 PM

And don’t think for a moment they didn’t mean it exactly that way.

Dirt McGirt on November 15, 2012 at 5:57 PM

I’m looking forward to when all the Dim women find out their tampons are going to cost more now — because of new Obamacare taxes.

Romney wasn’t going to take away their tampons (despite the internet rumors); he was just going to make them less expensive (by issuing waivers for Obamacare for everybody). But hey, maybe Barry will give Dim ladies a new subsidy to purchase tampons — to go along with their food stamps, welfare, “free” contraceptives and abortions, and all their other taxpayer-funded goodies.

AZCoyote on November 15, 2012 at 6:07 PM

Whatever. Stryker spent $2 mil getting Obama reelected and most of his employees probably voted for Obama. I couldn’t care less. Suffer rubes.

WarEagle01 on November 15, 2012 at 6:48 PM

My dad works in medical devices in Minneapolis. I gather they’re in full melt-down mode up there as well as this hits home.

I’d feel worse for him if he, nominally a lifelong GOP’er, hadn’t been pretty much planning to vote Obama last we spoke. I suspect he did in ’08 as well, despite contributing to Norm Coleman.

TexasDan on November 15, 2012 at 10:05 PM

Jon L. Stryker, an investor, architect, philanthropist and $2 million Priorities USA donor, derives his fortune from shares of Stryker Corp., a medical device manufacturer, that he inherited. According to the most recent disclosure filed with the Securities and Exchange Commission, Stryker owns 3.2 million shares of the company outright, and shares control with his siblings of another 15.3 million shares through a trust. Lobbyists for Stryker Corp. have reported spending $435,000 over the past two years lobbying on multiple issues, including bills that would repeal the medical device tax included in the Affordable Care Act, better known as Obamacare.

HA HA!

Myron Falwell on November 15, 2012 at 10:28 PM